the stock lost 25 points on Thursday. On Friday, on weaker than average volume, it traded in a positive range of up to 20 points higher than the open, and by the close gave up all of that ... I would say that the stock exhibited weakness both on a MACD level and on a MA level ... any good news at all will propel this stock higher, its a great company with great products and a great future, but momentarially, it seems to be trading ahead of itself ...
When I said the stock held up "fairly well," I should have added, "compared to what I feared it might do." Watching it break Thursday's low, I thought it might go down another ten points or more and it didn't.
quicken.com
And, now, totally off-topic, here's an article from Telecommunications Online I found interesting, primarily because it opens up tracking devices to a whole new market:
telecoms-mag.com
Pat |
